HAL Investments and Management’s Acquisition of Pro Gamers Group

Sidley Austin LLP advised Gilde Buy Out Partners on the deal. Hengeler Mueller advised HAL Investments B.V. on the transaction.

HAL Investments B.V. (HAL) has signed an agreement on the acquisition of 64% of the shares in CaseGi Holding GmbH (Pro Gamers Group) based on a total enterprise valuation of EUR 820 million (cash-and-debt-free) from Gilde Buy Out Partners.

Gamers Group is active in the online retail and distribution of computer gaming equipment and accessories, both with own and third party brands. The Berlin based company operates own web shops in Germany, Finland, the United Kingdom and Australia, among other countries. The completion of the transaction is subject to customary closing conditions, including approval by the relevant competition authorities.

Gilde Buy Out Partners is a leading European private equity investor in mid-market transactions with operations in the DACH region, Benelux, and Italy. Gilde manages funds in excess of €3 billion and has offices in Utrecht, Brussels, Frankfurt, Zurich, and Milan.

Partners Dr. Christian Zuleger (Picture) and Nicole Janssen (M&A and Private Equity; Munich) led the Sidley team. The team also included partners Dr. Markus Feil (Global Finance; Munich), Dr. Roderic Pagel (Tax; Munich), Sven de Knop (Global Arbitration, Trade and Advocacy; Brussels), and Patrick J. Harrison (Antitrust/Competition; London) as well as associates Armin Mustafic (Private Equity/M&A; Munich), Valentin Specht (Private Equity/M&A; Munich), Jörg Fischer (Tax; Munich), Thomas Komanek (Private Equity/M&A; Munich), Amadeus Moeser (Private Equity/M&A; Munich), Folko Moroni (Global Finance; Munich) Xenia Pisarewski (Global Finance; Munich), Jacob Schreiber (Tax; Munich), Justine Fassion (Global Arbitration, Trade and Advocacy; Brussels), and Mia Gal (Antitrust/Competition; Brussels).

The Hengeler Mueller team was led by partners Thomas Meurer and Bernd Wirbel (both M&A) and included partners Christian Schwandtner (Corporate) (all Düsseldorf), Markus Ernst (Tax, Munich), Nikolaus Vieten (Financing, Frankfurt), Thorsten Mäger and Alf-Henrik Bischke (both Antitrust, Düsseldorf), counsel Gunther Wagner (Tax, Munich) and Peter Dampf (Financing, Frankfurt) as well as associates Tobias Schneiders, Maximilian Hermans, Maxi Ludwig (all M&A), Hanna Gotta (Corporate) (all Düsseldorf), Sebastian Adam (Tax, Frankfurt), Daniel El Awad and Sara Jungewelter (both Antitrust, Düsseldorf).

Involved fees earner: Sebastian Adam – Hengeler Mueller; Alf-Henrik Bischke – Hengeler Mueller; Peter Dampf – Hengeler Mueller; Daniel El Awad – Hengeler Mueller; Markus Ernst – Hengeler Mueller; Hanna Gotta – Hengeler Mueller; Maximilian Hermans – Hengeler Mueller; Sara Jungewelter – Hengeler Mueller; Maxi Ludwig – Hengeler Mueller; Thorsten Mäger – Hengeler Mueller; Thomas Meurer – Hengeler Mueller; Tobias Schneiders – Hengeler Mueller; Christian Schwandtner – Hengeler Mueller; Nikolaus Vieten – Hengeler Mueller; Gunther Wagner – Hengeler Mueller; Bernd Wirbel – Hengeler Mueller; Sven De Knop – Sidley Austin LLP; Justine Fassion – Sidley Austin LLP; Markus Feil – Sidley Austin LLP; Jörg Fischer – Sidley Austin LLP; Mia Gal – Sidley Austin LLP; Patrick Harrison – Sidley Austin LLP; Nicole Janssen – Sidley Austin LLP; Thomas Komanek – Sidley Austin LLP; Amadeus Moeser – Sidley Austin LLP; Folko Moroni – Sidley Austin LLP; Armin Mustafi? – Sidley Austin LLP; Roderic Pagel – Sidley Austin LLP; Xenia Pisarewski – Sidley Austin LLP; Jacob Schreiber – Sidley Austin LLP; Valentin Specht – Sidley Austin LLP; Christian Zuleger – Sidley Austin LLP;

Law Firms: Hengeler Mueller; Sidley Austin LLP;

Clients: Gilde Buy Out Partners; HAL Investments;

Author: Federica Tiefenthaler